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  • Net non-primary production

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Complete this section if you have business income and expenses from non-primary production activities.

    Completing this section

    Watch our video for a demonstration on how to complete the business section in myTax.

    1. If you received the following payment summaries, enter the details in the Business payment summaries section.  
      • PAYG payment summary – business and personal services income where the payment type is:        
        • voluntary agreement
        • labour-hire payment
        • other specified payments.
         
      • PAYG payment summary – withholding where ABN not quoted
      • PAYG withholding payment summary – foreign residents
       

    Income and tax withheld amounts from these payment summaries will be transferred to this section if they relate to non-primary production business activities. Add, alter or delete these amounts in the Business payment summaries section.

    If you have a reminder at the Business and professional items section that you received payments for building and construction services and tax has been withheld, include these amounts in the Business payment summaries section. These payments have been reported to us in a Taxable payments annual report. Review these payments to ensure your tax return is correct. Amounts invoiced but not actually paid to you in the financial year were not included in this years’ report.

    1. Select Net non-primary production to expand the section.
    2. Enter your total non-primary production government industry payments received at assessable government industry payments. See Assessable government industry payments for further information.
    3. See Income and Other business income to calculate the amount of other non-primary production business income or loss you enter at Other business income. Include amounts received where all of the following apply:  
      • you have a reminder at the Business and professional items section that you received payments for building and construction services
      • no tax has been withheld and
      • the payments are not personal services income.
       
    4. See Expenses to calculate your non-primary production business expenses and enter the amounts into the corresponding fields.
    5. See Reconciliation items and enter the amounts related to your non-primary production business activities into the corresponding fields.
    6. Select Save.

    Other business and professional items

    Complete this section if you have any business income or losses.

    Completing this section

    Watch our video for a demonstration on how to complete the business section in myTax.

    1. See Small business entity simplified depreciation and enter information into the corresponding fields.
    2. See Other business and professional items and enter information into the corresponding fields.
    3. Select Save.
      Last modified: 20 Sep 2017QC 51010